AFTER COLUMBUS: EXPLAINING EUROPE'S OVERSEAS TRADE BOOM, 1500–1800
研究了1500至1800年间欧洲从亚洲和美洲进口的繁荣，发现商品价格未收敛，表明贸易壁垒下降不是主因，进而通过模型分解欧洲需求和外国供给的作用。
This study documents the boom in Europe's imports from Asia and the Americas between 1500 and 1800 and explores its causes. There was no commodity-price convergence between continents, suggesting that declining trade barriers were not the cause of the boom. Thus, it must have been caused by some combination of European import demand and foreign export supply. The behavior of the relative price of foreign importables in European cities should tell us which mattered most and when: we provide the evidence and offer a model which is used to decompose the sources of Europe's overseas trade boom.